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Gold – 12.07.2024

Gold – 12.07.2024

Gold – 12.07.2024

Gold managed to sustain an advance and yesterday met the target 2315-30.

As we see on the chart, the market is facing the first Intraday support around 2392-95 and this could lead to another rebound toward 2325-30.

Below 2392, more of a drop to test the 2370 support could hit the market which in turn could activate another rebound.

Below 2370 more of a drop will be expected.

SUPPORT RESISTANCE
LEVEL1 2392-95 2325-30
LEVEL2 2370 2350
LEVEL3 2350 2370

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The post Gold – 12.07.2024 appeared first on Orbex Forex Trading Blog.

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